In 2023, the import of citrus fruit to Saudi Arabia stood at 410.84 Million US Dollars. The year-on-year growth from 2022 to 2023 was 2.5%, maintaining a consistent upward trend. Over the last two years, from 2022 to 2023, the imports have maintained modest growth in comparison to a slightly higher pace in earlier years.
The five-year Compound Annual Growth Rate (CAGR) up to 2023 was 2.47%. This shows a steady, albeit moderate, increase in citrus fruit imports reflecting growing demand and possibly other underlying economic factors.
Forecasted data shows continued growth with an anticipated 5-year CAGR of 1.89% from 2024 to 2028. By 2028, imports are expected to rise to 463.15 Million US Dollars, indicating a forecasted growth rate of 9.79% over the five-year period.
Future trends to watch for include possible fluctuations in global citrus production, shifts in Saudi consumer preferences, potential changes in trade policies, and the impact of economic factors such as inflation and currency exchange rates on import levels.
